Both the Ministry of industry and minerals, shell world, they are creating a common company between petrochemical complex project in Basrah governorate.A press release of the Ministry, "Minister Mohamed Al-daradji, owner held a meeting attended by the Undersecretary of technical Chairman of the Supreme Committee for the petrochemical and fertilizer industries in Iraq, Adel Kareem, and members of the Committee of the Directors-General at the Ministry, to discuss and debate the most important strategic projects in the field of petrochemicals and fertilizers, which seeks to implement through investment contracts with international companies, as well as discuss the latest developments and the progress of work on the huge project beacon the Ministry signed with shell global petrochemical industry for the previous stage, and its implementation scheme During the next stages. " The Ministry of industry signed on Jan. 29, an agreement with Shell to create complex "beacon" for the petrochemicals, worth 11 billion dollars in Basra, southern Iraq, during the five years, noting that the project will make Iraq the largest producer of petrochemicals in the Middle East. SOURCE